{"id":237072,"date":"2023-10-30T12:00:00","date_gmt":"2023-10-30T12:00:00","guid":{"rendered":"https:\/\/news.republicofgreen.com\/parkers-fy23-sustainability-report-highlights-progress\/"},"modified":"2023-10-30T12:00:00","modified_gmt":"2023-10-30T12:00:00","slug":"parkers-fy23-sustainability-report-highlights-progress","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/parkers-fy23-sustainability-report-highlights-progress\/","title":{"rendered":"Parker\u2019s FY23 Sustainability Report Highlights Progress"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.3blmedia.com\/sites\/default\/files\/styles\/carousel_2x\/public\/images\/FY23SustainabilityReport_Parker_103023.jpg\" alt=\"\"\/><br \/>\n<\/p>\n<div>\n<p>Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today released its fiscal year 2023 Sustainability Report. Under the theme \u201cGuided by Purpose,\u201d the report highlights the success of Parker\u2019s most recent actions to protect the environment, advance clean technologies, create safe industrial workplaces and strengthen its communities.<\/p>\n<p>The report also demonstrates Parker\u2019s broad range of products and systems that are specifically designed to help our customers minimize their reliance on natural resources, increase efficiencies and reduce carbon emissions.<\/p>\n<p>\u201cParker\u2019s legacy of corporate responsibility and sustainability-focused operations is reflected in our actions. We continue to enable our customers to innovate and, make progress on their environmental commitments,\u201d said Jenny Parmentier, Chief Executive Officer. \u201cI am proud to share the progress we have made in our Sustainability Report on behalf of all of our global team members, who continue to do the work every day to make our world cleaner, smarter and safer.\u201d<\/p>\n<p>Key achievements detailed in the FY23 Sustainability Report include:<\/p>\n<ul>\n<li><strong>Keeping Team Members Safe:<\/strong> Parker prioritizes a shared commitment to safety excellence across its sites, which resulted in a 45% reduction in Recordable Incident Rate and a 33% reduction in Lost Time Incident Rate over the last five years. Collectively, Parker\u2019s safety performance ranks in the top quartile among peer industrial companies.<\/li>\n<li><strong>Reducing Carbon Impacts:<\/strong> Parker completed many on-site carbon reduction projects this fiscal year, including solar panel installations, lighting retrofits, HVAC system upgrades and other projects to lower its environmental footprint. These actions support Parker\u2019s goals to reduce carbon from its operational footprint by 50% by 2030 and achieve carbon neutrality by 2040.<\/li>\n<li><strong>Developing Clean Technologies:<\/strong> In FY23, more than 40% of Parker\u2019s research and development was dedicated to expanding its interconnected clean technology portfolio, with a focus on electrification and the emergence of alternative fuels such as hydrogen and sustainable aviation fuels.<\/li>\n<li><strong>Positively Impacting Communities:<\/strong> Together, Parker and the Parker Foundation contributed more than $9 million to charities that help strengthen communities around the world. The majority of these contributions supported causes that align with the Foundation\u2019s three areas of focus: STEM Education, Community Needs and Sustainability.<\/li>\n<\/ul>\n<p>Additional information is available in Parker\u2019s fiscal year 2023 Sustainability Report. Learn more at www.parker.com\/sustainability.<\/p>\n<p><strong>Media Contact<\/strong><br \/>Aidan Gormley<br \/>Director, Global Communications and Branding<\/p>\n<p class=\"text-align-center\"><strong>Read More<\/strong><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.3blmedia.com\/news\/parkers-fy23-sustainability-report-highlights-progress-protecting-environment-advancing-clean\"target=\"_blank\">Read the article originally published at www.3blmedia.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today released its fiscal year 2023 Sustainability Report. Under the theme \u201cGuided by Purpose,\u201d the report highlights the success of Parker\u2019s most recent actions to protect the environment, advance clean technologies, create safe industrial workplaces and strengthen its communities. The report also [&hellip;]<\/p>\n","protected":false},"author":136,"featured_media":237073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[372],"tags":[708,2819,630,564,563,1739],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Parker\u2019s FY23 Sustainability Report Highlights Progress - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.3blmedia.com\/news\/parkers-fy23-sustainability-report-highlights-progress-protecting-environment-advancing-clean\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parker\u2019s FY23 Sustainability Report Highlights Progress\" \/>\n<meta property=\"og:description\" content=\"Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today released its fiscal year 2023 Sustainability Report. Under the theme \u201cGuided by Purpose,\u201d the report highlights the success of Parker\u2019s most recent actions to protect the environment, advance clean technologies, create safe industrial workplaces and strengthen its communities. 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